SI NYSE
Shoulder Innovations, Inc.
1W: +3.6%
1M: +8.1%
3M: -18.2%
YTD: +35.0%
1Y: +57.7%
$19.34
-0.04 (-0.21%)
Weekly Expected Move ±5.7%
$17
$19
$20
$21
$22
Credit Risk of going bust: lower than 59% of companies Debt: 3.6% of company value Bonds: none of note held by US funds details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.09 (down 99.5%), Shoulder Innovations, Inc. would be worth roughly what it owes.
Total debt $14.8M against a stock market value of $402.6M.
Distance to default 6.05 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $7.4M (short-term plus half of long-term), stock volatility 64.8%; Altman Z'' 6.02. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
If the stock fell to about $0.09 (down 99.5%), Shoulder Innovations, Inc. would be worth roughly what it owes.
Total debt $14.8M against a stock market value of $402.6M.
Distance to default 6.05 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $7.4M (short-term plus half of long-term), stock volatility 64.8%; Altman Z'' 6.02. A ranking and a back-test, not a forecast.
US fund filings (SEC N-PORT) show under $25M of this company's bonds, so there is no bond page. Its debt may be bank loans or privately placed. How these are computed.
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Revenue
$47M
+49.6% ▲
Gross Profit
$36M
+48.7% ▲
Operating Income
-$26M
-79.5% ▼
Net Income
-$40M
-158.4% ▼
EPS (Diluted)
$-0.00
+99.4% ▲
EBITDA
-$26M
-117.2% ▼
Profit Margins
Year-over-Year Growth
View Full Income Statement
| Line Item | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Revenue | $19M | $32M | $47M |
| YoY Growth | +0.0% | +64.1% | +49.6% |
| Cost of Revenue | $4M | $7M | $11M |
| Gross Profit | $15M | $24M | $36M |
| Gross Margin | 79.2% | 77.0% | 76.5% |
| R&D Expenses | $3M | $4M | $8M |
| SG&A Expenses | $23M | $35M | $55M |
| Operating Expenses | $26M | $39M | $62M |
| Operating Income | -$11M | -$15M | -$26M |
| Operating Margin | -56.4% | -46.3% | -55.6% |
| Interest Expense | $761K | $1M | $70K |
| Income Before Tax | -$13M | -$16M | -$40M |
| Tax Expense | $0 | $0 | $0 |
| Net Income | -$13M | -$16M | -$40M |
| Net Margin | -65.7% | -49.4% | -85.3% |
| EPS (Diluted) | $-0.63 | $-0.77 | $-0.00 |
| EBITDA | -$10M | -$12M | -$26M |
| Shares Outstanding | 20M | 20M | 8.67B |